What is Ethereum (ETH)?
Ethereum (ETH), launched in 2015 by Vitalik Buterin and his team, was conceptualized to extend the capabilities of blockchain technology beyond Bitcoin’s scope. While Bitcoin was designed primarily as a digital currency, Ethereum introduced the concept of a blockchain platform for decentralized applications (dApps) and smart contracts. These smart contracts are self-executing contracts with the terms directly written into code, enabling more complex and programmable transactions. Ethereum’s creation marked a significant shift in the blockchain ecosystem, enabling developers to build a wide range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
The platform’s native token, Ether, serves as a fuel for operating these applications. Ethereum’s significant contribution to the blockchain space includes the introduction of ERC-20 and ERC-721 token standards, which have become foundational for many digital assets and collectibles. As the second-largest cryptocurrency by market capitalization, Ethereum continues to play a pivotal role in the broader crypto ecosystem, driving innovation and adoption of blockchain technology.
The platform’s native token, Ether, serves as a fuel for operating these applications. Ethereum’s significant contribution to the blockchain space includes the introduction of ERC-20 and ERC-721 token standards, which have become foundational for many digital assets and collectibles. As the second-largest cryptocurrency by market capitalization, Ethereum continues to play a pivotal role in the broader crypto ecosystem, driving innovation and adoption of blockchain technology.
Why choose Rabbit Wallet for Ethereum?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your ETH with ease. Check out some cool features that make Rabbit stand out:
Exchange Ethereum (ETH)
With the Rabbit's built-in coin swap feature, you can exchange your Ethereum for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your Ethereum, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.